Digital Asset and Kinexys by J.P. Morgan on Wednesday, Jan. 7, unveiled plans to issue J.P. Morgan’s JPM Coin (JPMD) natively on the Canton Network, a public, privacy-focused Layer 1 blockchain.
The collaboration would allow JPM Coin, a USD-denominated deposit token backed by J.P. Morgan deposits, to be issued, transferred, and redeemed directly on Canton, according to a press release viewed by The Defiant. The firms said the rollout will take place in phases throughout 2026.
The move, according to Yuval Rooz, co-founder and CEO of Digital Asset, is intended to show how regulated digital money can move on blockchain infrastructure while still meeting institutional requirements for privacy and compliance.
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